UNDIVIDED Sample Clauses

The "Undivided" clause establishes that the interests or rights granted under an agreement are held collectively and not split among multiple parties. In practice, this means that all parties share the same undivided interest in the subject matter, such as property or intellectual property, rather than each party owning a specific portion or segment. This arrangement ensures that decisions and benefits related to the interest must be made jointly, preventing unilateral actions and reducing disputes over division. The core function of the clause is to maintain unity of ownership or rights, thereby simplifying management and avoiding complications that arise from divided or fractional interests.
UNDIVIDED. SHARE In relation to a Unit/Flat shall mean the undivided proportionate indivisible impartiable variable share in land comprised in the said premises, which is attributable to the Unit/Flat concerned.
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UNDIVIDED. SHAR In relation to a Unit/Flat shall mean the undivided proportionate indivisible impartiable variable share in land comprised in the said premises, which is attributable to the Unit/Flat concerned.
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UNDIVIDED. 1/8 of all oil, gas and other minerals in and under the premises, as reserved by ▇▇▇▇▇▇ ▇. Brand and ▇▇▇▇▇▇▇▇▇ ▇. Brand, in a deed recorded April 18, 1972, in Book 327, Page 167, and any interests therein or rights thereunder.
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Related to UNDIVIDED

  • Ownership Interest 25 Pass-Through Rate..............................................................................25

  • No Ownership Interest Nothing contained in this Agreement shall be deemed to vest in Parent any direct or indirect ownership or incidence of ownership of or with respect to the Covered Shares. All rights, ownership and economic benefits of and relating to the Covered Shares shall remain vested in and belong to the Stockholder, and Parent shall have no authority to direct the Stockholder in the voting or disposition of any of the Covered Shares, except as otherwise provided herein.

  • Participating Interests Effective in the case of each Standby L/C and Commercial L/C (if applicable) as of the date of the opening thereof, the Issuing Lender agrees to allot and does allot, to itself and each other Revolving Credit Lender, and each such Lender severally and irrevocably agrees to take and does take in such Letter of Credit and the related L/C Application (if applicable), an L/C Participating Interest in a percentage equal to such Lender’s Revolving Credit Commitment Percentage.

  • Percentage Interest Ownership of the Company shall be divided into, represented by, and each Member’s Percentage Interest shall be expressed in Units of the Company. The name, address, Units and Percentage Interest of each Member are set forth on Exhibit “A” attached hereto, which may be amended from time to time as necessary to reflect changes in the Percentage Interests and Units held by the Members.